Use In Commerce - Law Dictionary Search Results

Arbitration

being obliged to judge according to the customs of the law: whereas the latter is at liberty to use his own discretion, and accommodate the difference in that manner which appears most just and equitable. An arbitrator … by action or in certain cases summarily. Arbitrators under the Judicature Acts are called 'referees.' Various Chambers of Commerce and professional and trade bodies have instituted Courts of arbitration for dealing with disputes arising in connection with